Cash remains Germans’ preferred method of payment, according to a Bundesbank study.
More than half of all purchases, 53 percent, are paid for in cash, followed by debit cards at 28 percent and credit cards with 7 percent, the Frankfurt-based Bundesbank said today. A similar survey carried out four years ago found that 58 percent of all transactions were settled in cash and 25.5 percent by debit cards, the Bundesbank said.
Germans on average carry 103 euros ($135) in cash on their person, down from 118 euros in 2008, the study found.
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